AZZ (NYSE:AZZ) Announces Quarterly Earnings Results

AZZ (NYSE:AZZ - Get Free Report) released its earnings results on Tuesday. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10, Zacks reports. The firm had revenue of $403.65 million for the quarter, compared to analysts' expectations of $394.30 million. AZZ had a return on equity of 16.88% and a net margin of 7.63%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. AZZ updated its FY25 guidance to $5.00-5.30 EPS and its FY 2025 guidance to 5.000-5.300 EPS.

AZZ Stock Performance

AZZ stock traded down $0.23 during mid-day trading on Tuesday, hitting $84.87. 401,631 shares of the company were exchanged, compared to its average volume of 232,689. AZZ has a 1-year low of $55.78 and a 1-year high of $97.98. The stock has a market capitalization of $2.54 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business has a 50 day simple moving average of $86.99 and a 200-day simple moving average of $81.83. The company has a current ratio of 1.85, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their target price on shares of AZZ from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $96.80.

AZZ Company Profile

AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.